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House prices in Cambridge have risen at a faster rate than those in any other town and city in England and Wales since 2010, according to official data that lays bare the growing north-south divide in property values.
The median price paid by buyers in the university city increased by 47% between the year ending in the second quarter of 2010 and the same period five years later, figures from the Office for National Statistics (ONS) show. Over the same timescale prices in London rose by 38%, and by 37% in Crawley in West Sussex.
Cambridge’s reputation as a tech hub has driven up the cost of property so that the median £360,000 price paid for a home is higher than anywhere except London and St Albans.